Green Building Incentives
The exception to this rule is when developers are offered tax incentives to purchase and install energy-saving or reduced emissions equipment in buildings. In many jurisdictions, similar incentives are being offered for photovoltaic, stormwater reuse, or other environmentally positive techniques. These incentives may increase in coming years, so the design team must be apprised of the financial advantages and how they may fit developer led projects.
Utility companies often give cash incentives to encourage energy and water efficiency, and different levels of government offer tax, financial and other incentives such as fasttracking the building approval process. The State of California, for example, offers up to $300,000 per project to spur the construction of high-performance non-residential buildings. Cities such as New York and Chicago offer tax incentives for energy efficient buildings. At the federal level, the U.S. government is offering a 10% tax credit for commercial solar applications.
-Robyn Parker, AIA LEED AP
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